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Toshiba to solicit proposals on strategic alternatives, including privatisation

04/21/2022

Less than a minute

2022.04.21 14:37

Toshiba to solicit proposals on strategic alternatives, including privatisation
FILE PHOTO: The logo of Toshiba Corp is seen at the company’s facility in Kawasaki, Japan February 13, 2017. REUTERS/Issei Kato

TOKYO (Reuters) – Toshiba (OTC:TOSYY) Corp said on Thursday it has resolved to solicit proposals on strategic alternatives, including privatisation of the company.

The company has retained Nomura Securities as an adviser and expects to complete evaluation of non-binding proposals before its annual general meeting of shareholders, it said in a release.

Toshiba said the evaluation will take into account the likelihood that the eventual transaction will be approved under competition and national securities laws.

04/21/2022

Less than a minute

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